A Brief Update on One of Hedgeye's Top Q3 Global Macro Themes: #EuropeSlowing

One of our Top Q3 Global Macro themes -- #EuropeSlowing -- remains intact following the release of Q2 2015 GDP this morning.

  • The Eurozone missed expectations (+0.30% Q/Q vs +0.40%); 
  • Germany improved from the prior quarter but missed expectations (+0.40% Q/Q vs +0.50%); 
  • France saw a huge negative divergence, recording 0.0% (exp. +0.20%) vs last quarter of +0.60%.

We continue to recommend remaining short of the EUR/USD (etf FXE).

A Brief Update on One of Hedgeye's Top Q3 Global Macro Themes: #EuropeSlowing - Fed balloon03.25.14

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